Re:The Russia Ruble is now gold-backed
by Finnucane on Monday March 28, 2022 @12:36PM
(#30832365)
Troy oz is 31 grams. But still, they are not going to trade the ruble at that rate. The arbitrage would be too great.
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Re:The Russia Ruble is now gold-backed
by willmadden on Thursday March 31, 2022 @09:12AM
(#30866765)
I'm not so sure. See what's going on in Argentina between the blue dollar (free market) and the official ARS rate. 100%+ difference between the pegged value and free market value.